v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 1,583.5 $ 1,970.2
Cash and cash equivalents held at Consolidated Funds 1,021.5 1,235.1
Investments, including accrued performance allocations of $5,801.3 and $7,620.3 as of September 30, 2026 and December 31, 2025, respectively 9,400.7 11,152.7
Investments of Consolidated Funds 13,709.2 12,519.8
Due from affiliates and other receivables, net 1,015.9 834.8
Due from affiliates and other receivables of Consolidated Funds, net 324.5 206.4
Fixed assets, net 256.6 224.9
Lease right-of-use assets, net 310.6 331.9
Deposits and other 78.8 100.9
Intangible assets, net 408.0 507.1
Deferred tax assets 70.1 32.2
Total assets 28,179.4 29,116.0
Liabilities and equity    
Debt obligations 3,016.7 2,997.0
Loans payable of Consolidated Funds 11,716.0 10,426.0
Accounts payable, accrued expenses and other liabilities 411.3 543.7
Accrued compensation and benefits 4,569.9 5,849.4
Due to affiliates 217.9 203.9
Deferred revenue 358.6 129.2
Deferred tax liabilities 17.9 106.3
Other liabilities of Consolidated Funds 717.4 1,260.4
Lease liabilities 436.9 470.2
Accrued giveback obligations 120.2 72.8
Total liabilities 21,582.8 22,058.9
Commitments and contingencies
Common stock, $0.01 par value, 100,000,000,000 shares authorized (353,695,343 and 357,374,023 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively) 3.6 3.6
Additional paid-in capital 4,666.4 4,285.8
Retained earnings 525.7 1,642.3
Accumulated other comprehensive loss (194.2) (170.2)
Non-controlling interests in consolidated entities 1,595.1 1,295.6
Total equity 6,596.6 7,057.1
Total liabilities and equity $ 28,179.4 $ 29,116.0